SunSirs: Pig Prices Continue to be Weak, and There is Still Room for a Fall after the Year

1. China's live pig price trend

According to SunSirs monitoring, the domestic and foreign Sanyuan (hybridization among 3 breeds of pigs) prices continued to decline last week, with an average price of 34.10 yuan/kg at the beginning of the week and an average price of 32.37 yuan/kg at the weekend, down 5.07% during the week.

2. Market Analysis

As the end of the year is approaching, the farmers’ willingness to sell for slaughter remains unabated. Affected by the limited demand in the terminal meat market, slaughter companies continue to lower the purchase price of live pigs after completing their procurement tasks. The problem of strong market supply and weak demand has highlighted the domestic live pig market prices continue to decline, February 5 The domestic pig price fell to 32.37 yuan/kg.

Last week, domestic corn prices continued to stay at a high level and maintained a slight increase of 0.35% during the week. Soybean meal prices were weak at a high level and fell by 0.35% during the week. On the whole, the cost of breeding and feed continued to be at an ultra-high level, and the price of pigs fell sharply, causing breeding The profit margin has been greatly reduced, and the continued high cost of feed will support the price of the live pig market in the future.

3. Outlook

SunSirs hog product analysts believe that meat purchases are basically over at the end of the year, pig prices continue to be weak, and farmers’ sell-off realizing psychology is highlighted. The problem of strong market supply and weak demand has intensified, domestic pig prices are under pressure, and meat consumption will be even lighter after the Spring Festival. , The oversupply situation of the live pig market in the future is difficult to alleviate, and it is expected that the price of live pigs will continue to weaken during the Spring Festival.

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